Should You Buy Rivian While It's Below $15?
Rivian (NASDAQ: RIVN) has a problem at the bottom of its income statement. And that problem, red ink, is likely to continue to be an issue for a while longer. But there are signs of material progress at this electric vehicle (EV) maker that investors should watch closely. In fact, the company's progress toward black ink could speed up very soon.
Rivian makes EV pickups, vans, and SUVs for both the commercial and consumer markets. It is, basically, an upstart electric vehicle company, trying to copy some of the success that (NASDAQ: TSLA) has achieved. The key difference is that the company is focused more on larger vehicles like SUVs, which are particularly popular in the U.S. market.
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Source Fool.com
Tesla Inc Stock
€404.85
3.500%
Our community is currently high on Tesla Inc with 102 Buy predictions and 40 Sell predictions.
On the other hand, the target price of 404 € is below the current price of 404.85 € for Tesla Inc, so the potential is actually -0.21%.
